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Home » Articles » LogiNext launches AI-Powered Payment Module to drive finance automation in logistics industry

LogiNext launches AI-Powered Payment Module to drive finance automation in logistics industry

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The new module utilises AI and automation to compare charges from different carriers and drivers. It takes into account crucial factors such as product specifications, delivery distance, and discounts to help businesses make optimal carrier choices. 

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LogiNext recently unveiled a new AI-powered payment module designed to assist enterprises in carrier selection and payment management.

The new module utilises AI and automation to compare charges from different carriers and drivers, the logistics automation firm said in a Thursday (Aug. 3) press release. It takes into account crucial factors such as product specifications, delivery distance, and discounts to help businesses make optimal carrier choices. 

“LogiNext’s payment module can help enterprises in eliminating the confusion of picking the most cost-efficient carrier from all the options available,”  Dhaval Thanki, vice president of Asia Pacific (APAC) and Middle East and Africa (MEA) at LogiNext, said in the release. “LogiNext has decoded the subtle way of bringing various costs included in shipping at one place.”

Moreover, the new module enables the capture of digital payments, enhancing convenience for end customers. It also facilitates faster reconciliation of cash on delivery (CoD) orders, promotes incentive-driven financial models for drivers, and provides complete visibility of all associated costs, allowing for smart pricing strategies. 

“The ability to automatically calculate shipping charges and allow drivers to conveniently collect digital payments from customers can be a major contributor towards faster revenue growth and customer loyalty,” Thanki said in the release.

Source: PYMNTS

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